JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) Hits New 12-Month High – Still a Buy?

JPMorgan ActiveBuilders Emerging Markets Equity ETF (BATS:JEMA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.23 and last traded at $57.1240, with a volume of 8248 shares. The stock had previously closed at $56.11.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Price Performance

The company has a market cap of $1.60 billion, a P/E ratio of 15.19 and a beta of 0.66. The company’s 50-day moving average is $52.07 and its two-hundred day moving average is $49.30.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JEMA. Morgan Stanley increased its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 381.5% in the 4th quarter. Morgan Stanley now owns 3,394,392 shares of the company’s stock worth $166,325,000 after buying an additional 2,689,394 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 115.1% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,211,208 shares of the company’s stock valued at $52,143,000 after purchasing an additional 648,175 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of JPMorgan ActiveBuilders Emerging Markets Equity ETF by 199.5% during the second quarter. Jane Street Group LLC now owns 420,584 shares of the company’s stock valued at $18,106,000 after purchasing an additional 280,161 shares during the last quarter. Flow Traders U.S. LLC bought a new position in JPMorgan ActiveBuilders Emerging Markets Equity ETF during the second quarter valued at approximately $6,539,000. Finally, Janney Montgomery Scott LLC boosted its holdings in JPMorgan ActiveBuilders Emerging Markets Equity ETF by 17.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 766,434 shares of the company’s stock worth $37,555,000 after purchasing an additional 114,422 shares during the last quarter.

JPMorgan ActiveBuilders Emerging Markets Equity ETF Company Profile

The JPMorgan ActiveBuilders Emerging Markets Equity ETF (JEMA) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund is an actively-managed fund utilizing emerging market equity strategies across countries, regions, styles, and market capitalizations. JEMA was launched on Mar 10, 2021 and is managed by JPMorgan Chase.